Bel Fuse (NASDAQ:BELFB) Price Target Raised to $100.00

Bel Fuse (NASDAQ:BELFB) had its price target increased by Needham & Company LLC from $95.00 to $100.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s price target would suggest a potential upside of 22.65% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 29th. Oppenheimer started coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Bel Fuse currently has a consensus rating of “Buy” and a consensus price target of $100.00.

Bel Fuse Price Performance

Shares of BELFB stock opened at $81.53 on Thursday. The stock’s fifty day simple moving average is $81.79 and its 200 day simple moving average is $77.12. Bel Fuse has a one year low of $45.74 and a one year high of $92.61. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 0.97 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71.

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a net margin of 10.44% and a return on equity of 17.97%. The firm had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. During the same quarter in the prior year, the firm posted $1.29 EPS. On average, analysts expect that Bel Fuse will post 4.18 earnings per share for the current fiscal year.

Insider Transactions at Bel Fuse

In other news, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the transaction, the vice president now owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bel Fuse

Several large investors have recently bought and sold shares of BELFB. KLP Kapitalforvaltning AS bought a new stake in shares of Bel Fuse in the fourth quarter worth $148,000. BNP Paribas Financial Markets lifted its position in Bel Fuse by 10.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after buying an additional 200 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Bel Fuse during the 4th quarter worth about $240,000. Kovitz Investment Group Partners LLC bought a new position in shares of Bel Fuse in the 3rd quarter valued at about $288,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in shares of Bel Fuse in the fourth quarter valued at about $298,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.